My partner and I are getting closer to an exchange on a property in Chelsfield and my mum and dad have sent the 10% deposit to my lawyer. I am now advised that as the deposit has been received from someone other than me my conveyancing practitioner needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancer is obliged to check with the bank to ensure that they know that the balance of the purchase price is not from your own resources. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My brother-in-law has suggested I instruct a conveyancing solicitor in Chelsfield. I I would like to check if they are accepted on the Leeds Building Society conveyancing panel. Could you advise?
You should phone your solicitor and enquire if they can act for the bank. Otherwise you should get in touch with Leeds Building Society who may be able to help.
I am buying a new build apartment in Chelsfield. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Chelsfield
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Yesterday I discovered that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Chelsfield is the location of the property. Is there any guidance you can give?
Flying freeholds in Chelsfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chelsfield you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chelsfield may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My company is looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend lawyers offering competitive costs for non-domestic conveyancing in Chelsfield for below £1,200?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Chelsfield, including the disposal and purchase of businesses as well as simply property. If you are looking to buy or sell a shop, pub, restaurant, office, retail unit or a complete business we will put you in touch with the right lawyer. Regarding the costs this will depend on the structure and nuances of the deal. Please provide us with your details or phone so as to enable us to furnish you with comprehensive commercial conveyancing quote.
Am I better off to go with a Chelsfield conveyancing solicitor in close proximity to the house I am buying? I have an old university friend who can conduct the legal formalities however his firm is located a couple of hundredmiles away.
The primary upside of using a high street Chelsfield conveyancing firm is that you can attend the office to sign documents, present your ID and pester them if necessary. Having local Chelsfield know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and in the main were impressed that should outweigh using an unfamiliar Chelsfield conveyancing solicitor solely due to them being based in the area.